Macro View Daily Insights New highs for small caps. The S&P 600 Index closed at a new all-time high yesterday, while the S&P Microcap Indexwas just pennies away. With the S&P 500 Index still 5.2% off its highs, this transition in leadership to small caps...
Inflation is in the headlines again after the April Consumer Price Index (CPI) accelerated, while the Producer Price Index (PPI) fell versus March readings. Headline CPI, which measures the prices that consumers pay for goods and services, hit 2.5%, whereas the core...
Macro View Daily Insights U.S. equities move into the year-to-date lead. The S&P 500 Index has returned 1.5% year to date, moving ahead of the MSCI EAFE Index’s 0.9% return and the modest 0.7% loss for the MSCI Emerging Markets (EM) Index. Despite recent...
The threat of China selling a portion of its $1.2 trillion in Treasury holdings in response to the recent ratcheting up of trade tensions makes for good headlines, but may not be a prudent decision. Regardless, recent data actually show the Chinese doing just the...
Macro View Daily Insights Small business optimism remains at highs. While the NFIB Small Business Index, a measure of business trends and owners’ confidence, registered a marginal gain month over month in April, confidence remains at record highs. Survey participants...
